Bridge Energy: Exploration drilling campaign in Pl457 starts

LONDON -- Bridge Energy, said the explorationdrilling campaign in PL 457 covering wells targeting the Amol and the Asha East prospects has started, with the wells being located on the Utsira High and Gudrun Terrace, respectively.

Both wells will be drilled by the semi submersible rig Borgland Dolphin.

Asha East exploration well will be drilled as a side track from the Amol exploration well main bore, with the results from Asha East well expected first. Bridge has a 20% interest in the wells; Wintershall is the operator with 40%, with the other partners VNG 20% and E.ON 20%.

Wells will target the Amol prospect, where Bridge estimates around 6 MMboe potential net recoverable resource to Bridge on an unrisked basis, and will also target the Asha East prospect.

With significant resources discovered through the Asha well drilled in 2012, these wells have the potential to add significant resources to an already valuable asset.